A 22-floor residential tower, which will house 88 apartments in five different types, was announced in the San Benito neighborhood.
Representatives of Inversiones Bolívar explained that for the residential project called "Casa Uno Cinco Nueve", construction works are planned to begin in the second semester of 2019, and $30 million investment is estimated.
The tower planned to be built in Antiguo Cuscatlán, in El Salvador, will have nine levels and will house 94 apartments.
Inversiones Bolívar, the company developing the project, reported that this new tower, which will be built in the Lomas area of San Francisco and will be called "Avitat Joy", is the third part of the series of condominiums, as "Avitat One" is already sold completely and Avitat Fit will be completed in 2019.
Costa Rican fund manager Vista SFI was authorized to market shares of its Fondo de Inversión Inmobiliario Vista in the Guatemalan market.
From the statement of the Financial Group ACOBO:
• Negotiation of the Fondo de Inversión Inmobiliario Vista in the Guatemalan stock market will allow a wider coverage in the negotiation of securities through the Central American market.
In Costa Rica, businessmen in the sector expect that the depreciation of the local currency against the dollar will raise the price of finished construction materials, which are mostly imported.
According to data from the Central Bank of Costa Rica (BCCR) between August and October of this year, the exchange rate of the Colon against the Dollar had a fast rise, and although in recent days some signs have shown that the depreciation of the local currency has declined, businessmen in the construction sector expect increases in costs.
Building on own land and keeping premiums in a trust are part of the new requirements to be met by companies that market houses and apartments in Costa Rica.
According to representatives of the Ministry of Economy, Industry and Commerce, the new rules that would soon enter into force and seek to regulate term sales in the real estate sector are currently in the consultation process with interested parties.
Between 1990 and 2017, the constructed area of residential complexes in the condominium and apartment format in the Grand Metropolitan Area of Costa Rica grew from 5% to 25% of total space.
The most recent report from the State details that 80% of condominiums are in 24 districts, most of which are in the Western and Northern areas of the Grand Metropolitan Area (GAM).
Expanding to $150.000 the range of homes with preferential interest and guaranteeing real estate leasing are two of the changes that could boost a recovery of activity in Panama.
Construction in the country has reported a downward trend in recent years, however, representatives of the Panamanian Chamber of Construction (CAPAC) expect that with the arrival of a new government and the start of major works such as Metro lines 4 and 5, the sector may re-emerge.
A 15-floor building is planned in Zone 11 of the country's capital, which will have 118 apartments and a parking lot with capacity for 246 vehicles.
According to the interactive information system "Construction in Central America" developed by CentralAmericaData, Desarrollos San Miguel, S.A. plans to build a tower that will house 89 apartments with three bedrooms and 29 with two bedrooms.
Two apartment buildings have been announced, they will require an investment of $22 million and will be in the municipality of Santa Tecla, department of La Libertad.
In Panama, 83% of the houses and apartments for sale range in price from $150.000 to $2 million, while 80% of those interested seek properties with prices below $150.000.
Andres Buitrago, manager for Central America and Colombia of OLX, who prepared the study, detailed to Elcapitalfinanciero.com that "...
A 10-floor apartment building with 3 basements for parking was announced. It will be located in San Francisco, San Salvador.
Representatives of Alpha Inmobiliaria, developer company of the residential project called "Tribeca", informed that the condominium will offer 55 apartments and the investment will be approximately $12 million.
It is estimated that it will take about seven years to commercialize, through the usual channels, the over-supply of between 500,000 m2 and 600,000 m2 that currently exists in the real estate market in Panama.
Those times when real estate projects were selling fast are already in the past.
A 22-floor commercial and residential building is planned in Zone 10 of Guatemala City, which will have 11 basements for parking vehicles.
According to the interactive information system "Construction in Central America" of CentralAmericaData, Forum Americas 14, S.A. plans to build a tower that will house shops, offices and apartments.
This property, located at only 0.9 miles (1.5 KM) or 2 minutes from highway 27 can be used to build: A hotel – Industrial complex - Houses – Offices – Storage/Ware houses – School - Hotel
This is an exceptional opportunity for a commercial property of 13,500 m2/3.37 acres, located in the Central Valley of Costa Rica, West of the capital city of San Jose and at just minutes from Atenas centre.
Because of the hike in interest rates in the United States, several banks in Panama are already increasing mortgage rates by between 0.25% and 0.50%.
According to representatives of the Banking Association of Panama (ABP), the increase in mortgage loans is mainly due to the upward adjustment that interest rates are experiencing worldwide, which will affect the Panamanian market in the short and medium term.
This property, located at only 0.9 miles (1.5 KM) or 2 minutes from highway 27 can be used to build: A hotel – Industrial complex - Houses – Offices – Storage/Ware houses – School - Hotel This is an exceptional opportunity for a commercial...
O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
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Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...
O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...
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